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The introduction of the Dutch auction share repurchase in 1981 gives firms an alternative to the fixed price tender offer when executing a tender offer share repurchase. The first firm to use the Dutch auction was Todd Shipyards. A Dutch auction offer specifies a price range within which the shares are purchased.
The introduction of the Dutch auction share repurchase in 1981 allows an alternative form of tender offer. A Dutch auction offer specifies a price range within which the shares will ultimately be purchased. Shareholders are invited to tender their stock, if they desire, at any price within the stated range.
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum ...
Insignia Systems, Inc. Announces Preliminary Results of Its Modified Dutch Auction Tender Offer MINNEAPOLIS--(BUSINESS WIRE)-- Insignia Systems, Inc. (NAS: ISIG) today announced the preliminary ...
Insperity Announces Final Results of Dutch Auction Tender Offer HOUSTON--(BUSINESS WIRE)-- Insperity, Inc. (NYS: NSP) , a leading provider of human resources and business performance solutions for ...
Insperity Announces Preliminary Results of Dutch Auction Tender Offer HOUSTON--(BUSINESS WIRE)-- Insperity, Inc. (NYS: NSP) , a leading provider of human resources and business performance ...
A tender offer is a proposal to buy shares of stock from the stockholders for cash or some type of corporate security of the acquiring company. Since the mid-1960s, cash tender offers for corporate takeovers have become favored over the traditional alternative, the proxy campaign. A proxy campaign is an attempt to obtain the votes of enough ...
An Anglo-Dutch auction starts as an English or Japanese auction and then continues as a Dutch auction with a reduced number of bidders. [ 81 ] [ 82 ] A French auction is a preliminary sealed-bid auction before the actual auction, whose reserve price it determines.